If you do not have all your payment summaries, contact your employer or payer. If you are unsuccessful in obtaining any of these, there is information about making a statutory declaration in PAYG payment summaries - individual non-business.

If you have received a foreign ETP, your foreign employer may not have issued you with a PAYG payment summary - employment termination payment. See Special circumstances and glossary for further instructions.

For information about late termination payments, transitional termination payments, foreign termination payments and death benefits dependants, see Special circumstances and glossary.

Step 3

Step 4

Write the ETP code, as shown on your PAYG payment summary - employment termination payment, in the CODE box at the right of I on your tax return.

You must enter a valid code. You should contact the employer or payer if your PAYG payment summary - employment termination payment does not have an ETP code. If you are unable to contact the employer or payer, read through all the codes below and select the one that best describes your payment.

Code

Description

R

if you received your ETP because of:

early retirement scheme

genuine redundancy

invalidity

compensation for

personal injury

unfair dismissal

harassment

discrimination

O

if your ETP is not described by R, for example, you received it because of:

golden handshake

gratuity

payment in lieu of notice

payment for unused sick leave

payment for unused rostered days off

S

if you received a code R ETP in 2012-13 and you had received another ETP (code R or code O), or a transitional termination payment, in an earlier income year for the same termination of employment

P

if you received a code O ETP in 2012-13 and you had received another ETP (code R or code O), or a transitional termination payment, in an earlier income year for the same termination of employment

D

if you received a death benefit ETP and you were a death benefits dependant

B

if you received a death benefit ETP in 2012-13 and you were not a death benefits dependant and you had received another death benefit ETP in an earlier income year for the same termination of employment

N

if you received a death benefit ETP and you were not a death benefits dependant, and code B does not apply.

If you have a PAYG payment summary - employment termination payment and the ETP code is T, this indicates that the payment was a death benefit employment termination payment paid to the trustee of a deceased estate. You must show this in a trust tax return, not your individual tax return.

Step 5

Step 6

When you have completed the schedule, add together all the amounts of tax withheld, add together all the taxable component amounts and transfer the two totals to item 4 on your tax return. Write the total tax withheld under Tax withheld at the left of I, write the total taxable component at I, and print the code letter M in the TYPE box.

Our commitment to you

We are committed to providing you with accurate, consistent and clear information to help you understand your rights and entitlements and meet your obligations.

If you follow our information and it turns out to be incorrect, or it is misleading and you make a mistake as a result, we will take that into account when determining what action, if any, we should take.

Some of the information on this website applies to a specific financial year. This is clearly marked. Make sure you have the information for the right year before making decisions based on that information.

If you feel that our information does not fully cover your circumstances, or you are unsure how it applies to you, contact us or seek professional advice.